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5711 Industrial Drive St - 5 Acres MF Zoned and Approved for 120 Units 5 Acres of Residential Land Offered at $3,462,274 CAD in Greenville, TX 75402

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INVESTMENT HIGHLIGHTS

Near major highways (I-30, US-69, US-380) and railroads (BNSF, Kansas City Southern, Union Pacific)
Near top employers: L3Harris, WestRock, Solvay, Masonite, etc.
Within Greenville Independent School District with 12 campuses

Fast-growing population: 28,164 (2020) ? 32,717 (2023)
10 minutes from The Greenbelt (residential, commercial, leisure space)

EXECUTIVE SUMMARY

The 5-acre property is currently zoned and entitled for 120 multifamily units. Building permits have been issued and the site is shovel-ready for a developer.
- Zoned and entitled for 120 multifamily units
- Shovel-ready with building permits issued
- One- and two-bedroom floor plans
- Frontage along U.S. Highway 69
- 16.2% population growth (2020–2023)
- Projected 40,000+ population by 2030
- Limited new supply in the market
- 45-minute drive to Downtown Dallas
- Average household income within 5 miles: $64,000
- Close to major employers like L3Harris and WestRock
- 10 minutes from The Greenbelt, a 325-acre mixed-use project

OM - Greenville Multifamily Land - Greenville_FH (3)

PROPERTY FACTS

Price	$3,462,274 CAD	Property Subtype	Residential
Sale Type	Investment	Proposed Use	Commercial Multifamily Apartment Units
No. Lots	1	Total Lot Size	5.00 AC
Property Type	Land	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning	Multifamily - Approved for 120 New Multifamily Development Site Plan Approved Permits

Price	$3,462,274 CAD
Sale Type	Investment
No. Lots	1
Property Type	Land
Property Subtype	Residential
Proposed Use	Commercial Multifamily Apartment Units
Total Lot Size	5.00 AC
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning	Multifamily - Approved for 120 New Multifamily Development Site Plan Approved Permits

1 LOT AVAILABLE

Lot

Price	$3,462,274 CAD	Lot Size	5.00 AC
Price Per AC	$692,454.72 CAD

Price	$3,462,274 CAD
Price Per AC	$692,454.72 CAD
Lot Size	5.00 AC

Marcus & Millichap Real Estate Investment Services is pleased to present the exclusive offering of a land development opportunity located 45 minutes east of Dallas in Greenville, Texas. Property is fully entitled for 120 Multi-Family Units.

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